It's A Nuclear Melt-Up, Part 3

Today's lousy market news, the weekly ECRI Leading Indicators Index dropped to -8.3%.  Keep in mind that every time this Index has hit the negative double digits or below, we have had a recession follow 100% of the time.  At the worst parts of the most recent crisis, the index hit a low of -29.7 in December 2008.  It then rocketed upwards to +28.4% last October as stimulus was fed in to stoke the fires.  It has dropped like a rock in the last 3 months.  The odds of a second recession, or more accurately the second leg of the depression, are close to 100% now.

Naturally, stocks closed up for the day and 5%+ for the week on virtually no volume.  It's the eerie calm before the sky turns green and the F5 tornado drops out of the sky.

Assume the position, folks.